Cobalt Biofuels Named to Global Cleantech 100
Recognized by the Guardian and Cleantech Group for Potential and Likelihood to Achieve High Growth and High Market Impact
MOUNTAIN VIEW, Calif. -- Cobalt Biofuels, a leading innovator of next generation biofuels, announced today it has been named a Global Cleantech 100 company by Guardian News & Media and Cleantech Group™, LLC, providers of cutting-edge research, events and advisory services for the cleantech ecosystem.
Culled from a list of 3,500 nominations, the first annual Global Cleantech 100 presented by The Guardian highlights the most promising private clean technology enterprises around the world. Supported by the Carbon Trust, the Global Cleantech 100 recognizes companies at the forefront of cleantech innovation offering solutions to some of the world’s most pressing environmental challenges.
“It is a high honor to be included in the Global Cleantech 100 as it recognizes the rapid progress we have made toward our goal of commercializing biobutanol and the tremendous promise that biobutanol offers as a next generation biofuel,” said Rick Wilson, Ph.D., Chief Executive Officer of Cobalt Biofuels.
The 2009 list represents the collective opinion of hundreds of experts from cleantech innovation and venture capital companies in EMEA, North America, India and China, combined with the specific input of an expert panel of 35, drawn from well-respected organizations such as Altira Group, Crossover Advisors, Deloitte, Emerald Technology Ventures, Google, Kleiner Perkins Caulfield & Byers, New York Stock Exchange, NGEN Partners, Nth Power, New Enterprise Associates, Sterling Communications, Tsing Capital and Vantage Point Venture Partners.
“The first ever Global Cleantech 100 shines a spotlight on which companies and which technology areas the global innovation community is most excited about from a commercial standpoint,” said Richard Youngman, managing partner at Cleantech Group.
Cobalt Biofuels was recognized on the basis of its innovative technology for the production of biobutanol from non-food lignocellulosic material.
The Global Cleantech 100 was announced today at the Cleantech Forum XXIII in Boston. The full list of Global Cleantech 100 firms is available on the Guardian (guardian.co.uk/globalcleantech100) and Cleantech Group (cleantech.com/news/awards/globalcleantech100) websites.
About Cobalt Biofuels
Based in Mountain View, California, Cobalt Biofuels is leading the development of biobutanol, a next generation biofuel. Cobalt’s proprietary technologies make possible a new generation of fuels produced from non-food feedstocks that reduce greenhouse gas emissions by 85% compared to gasoline, burn cleaner, are most cost-effective, and enhance environmental sustainability. To learn more about Cobalt’s approach to producing sustainable biofuels, visit http://www.cobaltbiofuels.com.
About the Cleantech Group, LLC
The Cleantech Group pioneered the clean technology investment category in 2002. Today, it accelerates the development and market adoption of clean technologies globally. The company’s worldwide network of investors, entrepreneurs, enterprises, service providers and others—representing trillions of dollars in assets—receives access to capital, investment deal flow, networking, market leading research and data, sales leads and promotional opportunities. The Cleantech Group also provides advisory services for large corporations and governments, publishes leading cleantech sector industry news coverage and produces the premier Cleantech Forum® events worldwide. Details are available at http://www.cleantech.com.
About the Guardian
The Guardian is a unique voice with an international reach delivering progressive journalism to a global audience. The Guardian's vision is to be the leader on sustainability within the media industry and to be environmentally regenerative in their activities. Through their editorial coverage and business activities, they demonstrate to readers, staff, advertisers, suppliers and their communities that GNM (Guardian News and Media) is committed to enhancing society's ability to build a sustainable future.